By Aaron Lucchetti

On Friday, the U.S. jobs report will set the tone for the rest of the month and give new clues on the effects tariffs are having on the labor market. Before then, chip giant Broadcom releases its results.

Here's what to look for the rest of this week:

Today

-- Earnings $(AM)$: Dollar Tree ( recap on retail earnings so far).

-- Economic data: The ADP employment report and services purchasing managers indexes.

-- Federal Reserve: The central bank releases its regional economic commentary, known as the beige book, at 2 p.m.

-- Tariff update: The European Union's trade commissioner, Maros Sefcovic, is expected to meet with U.S. Trade Representative Jamieson Greer in Paris. The doubling in U.S. steel and aluminum levies to 50% went into effect overnight.

-- Global central banks: Bank of Canada interest-rate decision. GDP data last week showed the Canadian economy grew faster than expected to start 2025.

Tomorrow

-- Earnings (PM): Broadcom and Lululemon.

-- Economic data: Productivity and U.S. trade-deficit data.

-- Tariff update: Deadline for the companies that legally challenged Trump's levies to file their arguments to a federal appeals court. The court will decide whether many levies should be voided. (Read more: Where the landmark lawsuit started.)

-- Fed speaker: Gov. Adriana Kugler is due to speak at noon.

-- Global central banks: European Central Bank rate decision. It is expected to cut rates by 0.25 percentage point, again.

Friday

-- Economic data: The jobs report is due at 8:30 a.m. May's nonfarm payrolls are expected to show the labor market added about 125,000 jobs, according to economists polled by The Wall Street Journal. That would be a decline from 177,000 in April.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

June 04, 2025 05:53 ET (09:53 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.